Singapore growth momentum will begin picking up next quarter: BBVA

1Q13 uptick foreseen on "improving external demand."

The forecast from BBVA came even as Singapore's industrial production for October fell by -2.1% y/y (consensus: -0.7% y/y) after a -2.8% y/y decline in September, as demand for electronics declined by -6.0% y/y.

"The outturn shows that challenges remain for Asia’s growth momentum due to lingering uncertainties about the global environment, which is leaving the more open economies such as Singapore, Korea, and Hong Kong particularly vulnerable," said BBVA.

"That said, we think growth is bottoming out in Singapore and expect to see a slight rebound in growth momentum in the first quarter of 2013 on improving external demand (BBVA GDP forecast for 2013: 2.6% y/y)," it added.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2562+0.0008+0.06%
    USDSGD=X
    1.7363+0.0016+0.09%
    EURSGD=X
    2.1087+0.0021+0.10%
    GBPSGD=X
    81.4206-0.2533-0.31%
    SGDJPY=X
    6.1722-0.0034-0.06%
    SGDHKD=X
    2.5980-0.0031-0.12%
    SGDMYR=X
    9,258.4492-41.2354-0.44%
    SGDIDR=X
    4.9660-0.0026-0.05%
    SGDCNY=X
    1.1673+0.0014+0.12%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,286.90+2.30+0.18%
    GCM14.CMX
    19.46+0.02+0.11%
    SIK14.CMX
    92.88+1.82+2.00%
    ^XAU
    3.07+0.01+0.26%
    HGK14.CMX
    101.65+0.21+0.21%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.03
    ^FVX
    2.69-0.04
    ^TNX
    3.47-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.152+0.010+7.04%
    545.SI
    0.121-0.001-0.82%
    B22.SI
    0.151+0.007+4.86%
    C68.SI
    0.635+0.040+6.72%
    5WH.SI
    1.350.0000.00%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    18.50+2.700+17.09%
    K6S.SI
    0.17+0.012+7.59%
    5PF.SI
    1.305+0.090+7.41%
    5DA.SI
    0.15+0.010+7.14%
    5GD.SI
    0.635+0.040+6.72%
    5WH.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.61-0.530-24.77%
    N02.SI
    0.123-0.008-6.11%
    S71.SI
    0.235-0.015-6.00%
    L6T.SI
    1.32-0.050-3.65%
    S35.SI